ALBERT COTTAGE, ALBERT TERRACE, PENZANCE, TR18 2DD - £260,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

ALBERT COTTAGE is a very small extended detached house of 53m², built sometime before 1900, which could now be worth an estimated £244,597. It was last sold for £260,000 in June 2023, which was around 41% below the average June 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2022, where the current energy rating was E, and the potential energy rating was B.

ALBERT COTTAGE Sold Prices

Land registry data shows three sales for ALBERT COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three ALBERT COTTAGE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 15 JUN	£260,000	£443,276	41% below HPI
2000 18 APR	£78,500	£109,878	29% below HPI
1998 28 AUG	£75,000	£91,669	18% below HPI

ALBERT COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The three ALBERT COTTAGE sales between August 1998 and June 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2000 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2023 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might ALBERT COTTAGE be worth now?

ALBERT COTTAGE might now be worth an estimated £244,597.

This is based on house price deflation of 5.9%, between June 2023 and June 2025, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.9% deflationary decrease is applied to the most recent sale price for ALBERT COTTAGE of £260,000 on 15th June 2023. For the value to have decreased from £260,000 to £244,597 over the two years to June 2025, the following assumptions must hold true:

• The value of ALBERT COTTAGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2023 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of ALBERT COTTAGE has not materially changed since June 2023.

How Large is ALBERT COTTAGE?

ALBERT COTTAGE is 53m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of detached houses houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penzance, and where ALBERT COTTAGE lies on this distribution: Less than 1% of detached houses houses are smaller than ALBERT COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Penzance.

ALBERT COTTAGE: Plot and Title Map

ALBERT COTTAGE sits on a plot of roughly 0.041 of an acre, or 165m². The below map shows the location of ALBERT COTTAGE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of ALBERT COTTAGE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is ALBERT COTTAGE?

ALBERT COTTAGE is located on ALBERT TERRACE in PENZANCE, in the TR18 postcode district. The below map shows the position of ALBERT COTTAGE on ALBERT TERRACE.